U.TODAY-The prominent cryptocurrency-tracker Whale Alert, which tracks large cryptotransactions and shares the details of its website and X account, has revealed half a dozen large transactions that gathered a value of $ 800 million.
Among these transfers were several who took a large amount of BTC to new wallets, while Bitcoin showed an increase of 2.43%.
Huge bitcoin lump on the way
Whale Alert reported that 7,667 Bitcoins, worth close to $ 800 million in Fiat, has been shoveled between anonymous blockchain addresses. This amount of crypto was transferred in six large BTC transactions, each carrying between 1,000 and 2,000 BTC.
Three Bitcoin Bits – 1,000 BTC; 1,029 BTC and 1,531 BTC – were moved to three new wallets. This means that either three new crypto whales acquired BTC via OTC purchases or existing whales overturn their inventory by moving part of their Bitcoin to new addresses.
These massive BTC transfers were discovered when the world’s largest cryptocurrency Bitcoin staged an increase of more than 2 % today and regained the level of $ 105,700 after a fall.
The performance of the Bitcoin market
Last Thursday, the world’s belligerent cryptocurrency printed a 5.21%increase, peaking $ 106,800 level briefly on the news that US President Donald Trump signed an order to secure the establishment of a strategic Bitcoin plan for the country.
A pro-crypto-senator, Cynthia Lummis, which suggested making a strategic BTC reserve for the United States last year, tweeted: “There are big things coming.” The plan she proposed assumed that the US government will buy 200,000 BTC annually over the next five years to buy a million BTC in total for the strategic Bitcoin reserve. As the BTC award rose, the famous Bitcoiner Michael Saylor, Microstratey’s CEO,: “We are going to Mars”, which clearly hinted at Trump and his allies Elon Musk, who strives to send spaceships to Mars to make a permanent and self-sustainable human base on the red planet. Both people are largely pro-crypto.
However, this price increase was followed by a fall back to $ 103,000. At the time of writing, BTC is changing hands to the $ 105,150 mark.
Four days ago, Bitcoin reached a new all-time high and hit the price level of $ 109.114 on Trump’s deployment day.
